Etiqa Insurance Singapore has unveiled a new pet insurance policy tailored to assist pet owners in safeguarding their beloved furry friends, offering an unprecedented level of protection against unexpected circumstances.
The growing trend of pet ownership has seen a significant rise, with Singapore's dog population increasing by 3% since 2019 to reach 114,000 pet dogs in 2023, while the number of pet cats surged by 10% to 94,000 in the same year. Consequently, the expenses associated with veterinary services, illnesses, and health conditions have led to an expanding protection gap, highlighting the need for comprehensive solutions for pet owners.
Acknowledging this increasing demand, Etiqa Insurance Singapore has introduced a readily available and cost-effective pet insurance solution. This comprehensive plan provides essential coverage for accidental and illness-related medical expenses, congenital and hereditary conditions, along with no-claim discounts, offering pet owners protection during unforeseen medical situations.
Raymond Ong, CEO of Etiqa Insurance Singapore, remarked, "Pets are cherished members of our families. The changing attitudes towards pets in Singapore, coupled with rising pet care costs, require adequate coverage to ensure financial stability and peace of mind during difficult times. Etiqa Insurance Singapore addresses this need by offering accessible coverage at an affordable price, enabling Singaporeans to enjoy longer, healthier lives with their beloved pets."
Tailored Protection for Furry Companions Etiqa's Pet Insurance offers a range of plan types tailored to meet the unique needs of our fur-kids. The Pawfect Plan provides coverage with a leading sum insured of up to $15,000 for surgical illness cover and $3,500 for non-surgical cover. This plan includes congenital and hereditary diseases, surgical treatments, accidental injury claims, and more. Do note that as we have not personally signed up for the plan, we cannot share our personal experiences, but are simply sharing the information provided by Etiqa.
Key Features of Tiq Pet Insurance include:
- Highest surgical sum due to illness insured in the market ($15,000 on the highest plan)
- Complimentary coverage of congenital and hereditary diseases with the provision of medical documents upon purchase
- No Claims Discount of up to 20%
- Multi-pet Discount of up to 10%
- Additional $500 insured for final expenses benefit (based on the highest plan)
Etiqa's Pet Insurance is readily accessible on Tiq by Etiqa, the digital insurance channel provided by Etiqa Insurance Singapore at https://tiq.com.sg/product/pet-insurance/.
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